← State of Embedded Finance 2026

Fnz

Can a single platform own the full back-office technology and custody infrastructure stack for wealth managers globally?

HQLondon, United Kingdom
IndustryInfrastructure / BaaS
The story

FNZ operates as a B2B wealth management infrastructure provider, supplying end-to-end technology and back-office services (custody, execution, settlement, ISA, SIPP) to financial services firms globally. The company has expanded regulatory footprint across the UK, Australia, New Zealand, South Africa, and Germany, positioning itself as the industrial-strength operating system for wealth managers rather than a direct-to-consumer offering. Its embedded finance angle is enabling financial institutions to digitise and outsource their investment platform infrastructure entirely to FNZ.

Last 12 months
Regulated entities
FCA Authorised (execution, settlement, custody, ISA, SIPP)
UK FCA
FNZ Securities Limited
Australian Financial Services Licence
Australia
FNZ Custodians (Australia) Pty Ltd
The stack
Accounting gap: none